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Funding round raises $1 million for Lexington Bakes

Lexington Bakes' luxury brownie and cookie lineup
PHOTO COURTESY OF LEXINGTON BAKES
BY: Maddie Lambert

Maddie Lambert

LOS ANGELES — Lexington Bakes (LXB) has maintained a steady growth rate. While originally known as a luxury brownie and cookie supplier, the brand’s portfolio has expanded to include oat bars and seasonal flavors.

But product expansion isn’t the only growth marker for the baking brand. LXB recently raised $1 million in a funding round led by VC firm Rainfall Ventures.

“I could not have dreamed of better partners to join me in building LXB into the next great American bakery brand,” said Lex Evan, founder and CEO of LXB. “I feel very lucky.”

The funds will support the business as it scales up, which will include a new co-manufacturing partner, retail expansion and team growth as well as contractor and agency support, public relations, creative and marketing personnel. LXB also has plans for a hospitality and foodservice channel kickoff in addition to direct-to-consumer growth.

Read more about LXB’s growth and origin story in the April | Q2 2025 issue of Commercial Baking.

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